Looking at the data of Black Friday purchases over mobile phones, one would wonder if we’re recovering from a deep recession.
On Black Friday 2009, mobile online payments through PayPal were up nearly 650 percent year-over-year, according to the eBay-owned payment company, in data reviewed by Dow Jones.
The data was compiled from eBay’s PayPal and TheFind.com, a product search engine. Searches from mobile devices increased from about 5,000 on Black Friday 2008 to about 200,000 this year according to product search engine TheFind.com. Consumers were using mobile phones for comparing prices while inside stores.
According to TheFind, Amazon got the most volume which was roughly six times that of Wal-Mart, and attributing the difference to Amazon’s lower prices and lack of sales tax.